Illinois Gambling Laws & Illinois Slot Machines | J&J Ventures (2024)

FAQs

What are the restrictions on slot machines in Illinois? ›

Illinois gambling laws only permit legal video gambling to occur at times based on your local municipality's liquor license ordinance. On the other hand, certified truck stops that do not have a liquor license are allowed to operate Illinois gaming machines 24/7.

The Terminal Operator (TO) is the licensed party that owns, services, and maintains VGTs and installs them in licensed video gaming locations, which are either licensed retail establishments, truck stops, or veteran and fraternal establishments.

Since Illinois legalized video gambling in 2009, tens of thousands of machines have been installed all over the state, except in communities where local ordinances prohibit them, such as Chicago.

Illinois has established theoretical payout limits of 80% and 100% over the lifetime of a slot machine.

How winnings are reported to the IRS: Form W-2G. The payer must provide you with a Form W-2G if you win: $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by the wager) $1,200 or more (not reduced by wager) in winnings from bingo or slot machines.

Caesars Holdings, Inc.

Harrah'S Illinois Corporation / Parent organization

The Illinois Gaming Board will issue gaming licenses to six new casinos. Each will be a privately-owned, land-based casino regulated by the gaming board. The three Illinois horsetracks will be licensed to add casino games. Two new racinos are allowed under the new law.

They are allowed to operate from 8:00 a.m. until 11:00 p.m. Masks must be worn at all times inside video gaming areas and crowds around the machines are prohibited. One person is limited to a machine.

Answer: Yes, online gambling is legal in Illinois. The state allows various forms of online betting, including casino games, poker, and sports betting.

Slot machines, video gaming, electronic gambling games, and table games are permitted. License Fee (initial and renewal): $250,000. Gaming Position Fee: $17,500 per position outside of Cook County and $30,000 per position in Cook County, with all proceeds going to the Rebuild Illinois Projects Fund.

What slot machine pays out the most often? ›

Basically, slot machines earn on average from $200 to $300 per day, depending on how popular is that slot machine and what is the house edge. Since players don't have any way to impact the outcome of the game, slots make a guaranteed profit for the casino in the long term.

(WICS) — Illinois has seen its tax revenues from legalized gambling heavily increase in the past few years. The money is used to pay for projects throughout Illinois. In 2023, the Illinois Gaming Board reported $1.5 billion in revenue from casinos, video gaming terminals, and sports wagering operators statewide.

Interested in opening a bar, restaurant, or gaming parlor in Illinois? One of the first steps you will need to take before you're eligible for installing video gaming terminals is to obtain an Illinois Liquor License.